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Circular No 07/25

Home » Circulars » 2007 » 07/25

General PHIAC Circulars

Circular No 07/25

Contact Officers:
Paul Groenewegen (02) 6215 7966
email: paul.groenewegen@phiac.gov.au

Replaces Circular: N/A

21 August 2007

PDF Format:
This Circular
Attachment 1

REVIEW OF THE SOLVENCY AND CAPITAL ADEQUACY STANDARDS

PHIAC is undertaking a comprehensive review of the Solvency and Capital Adequacy Standards (Capital Standards). At the time that the Capital Standards were introduced PHIAC gave a commitment to a comprehensive post implementation review after five years of operation.

The paper issued with this Circular introduces the second phase of the review and follows on from changes made to the Capital Standards to reflect changes in the legislative environment through the introduction of the Private Health Insurance Act, 2007 (Phase 1).

The paper is being circulated for comment by private health insurers, their appointed actuaries and other interested parties. PHIAC invites all stakeholders to provide comments relevant to the terms of reference and the issues outlined in the paper.

Comments should be framed against the terms of reference for the review and be sent directly to PHIAC, addressed to:

Capital Standards Review
Private Health Insurance Administration Council
Suite 16, 71 Leichhardt St
KINGSTON ACT 2604

Or by email: phiac@phiac.gov.au

The due date for comments is Friday 5 October 2007.